Description
Owner may finance.This cash cow investment has a 23.6% cap rate at the asking price of $2,500,000! A rare opportunity to buy a high profit restaurant that includes the building, equipment and liquor license. The building is over 5,100 square feet, with on-sight parking, and seating for approx. 300 customers. This state-of-the-art restaurant was completely renovated in 2019. The equipment, fixtures and finishes are all first class. The restaurant is closed on Sunday and only open for lunch and dinner, which gives the new owner opportunities to expand the hours and income. The owner would like to retire and hand the baton to the next entrepreneur. A busy hotel is contiguous. Financials available with NDA and proof of ability to purchase.
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0BEDS
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0.54ACRES
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0BATHS
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01/2 BATHS
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5,129SQFT
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$487$/SQFT
School Ratings & Info
Description
Owner may finance.This cash cow investment has a 23.6% cap rate at the asking price of $2,500,000! A rare opportunity to buy a high profit restaurant that includes the building, equipment and liquor license. The building is over 5,100 square feet, with on-sight parking, and seating for approx. 300 customers. This state-of-the-art restaurant was completely renovated in 2019. The equipment, fixtures and finishes are all first class. The restaurant is closed on Sunday and only open for lunch and dinner, which gives the new owner opportunities to expand the hours and income. The owner would like to retire and hand the baton to the next entrepreneur. A busy hotel is contiguous. Financials available with NDA and proof of ability to purchase.
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